Fins recast The logic here is there is a segment of the equipment that rents for a year of less and then ownership of the equip switches to the patient. Thus the large equip disposals each year. CMS caps CPAPs at 13 months rental and private insurers often reimburse 1/10 of equip price for 10 months. These short term rentals can be viewed as Quipt buying equipment and reselling it to patients for a mark-up. Thus the equip. disposals become a cost of rental revenue.
| | 2021 | 2020 |
| Sales | 47,013 | 31,388 |
| Inv sold | 28,172 | 19,934 |
| Gross profit | 18,841 | 11,454 |
| Margin | 40.1% | 36.5% |
| | | |
| Rental revenue | 55,338 | 41,251 |
| Equip depn | 11,429 | 13,213 |
| Equip disposals | 9,150 | 14,157 |
| Gross profit | 34,759 | 13,881 |
| Margin | 62.8% | 33.7% |
| | | |
| Total Revenue | 102,351 | 72,639 |
| Total Gross Profit | 53,600 | 25,335 |
| Margin | 52.4% | 34.9% |